175 LAKE DRIVE
About This Property
The thoughtfully designed interior features an open-concept living area, modern furnishings, and a beautifully finished full bath with a walk-in tile shower. Additional conveniences include a tankless water heater, mini-split HVAC, and washer/dryer. Relax on the 10' x 20' deck overlooking the surrounding woods and mountains, or gather around the fire pit for peaceful evenings under the stars. The separate bunkhouse provides potential for additional guest accommodations which would enhance both flexibility and rental appeal.
Ideally located near the Shenandoah River with easy access to kayaking, canoeing, tubing, rafting, fishing, and public boat launches. Nearby attractions include Shenandoah National Park, Skyline Drive, Luray Caverns, wineries, hiking trails, and Massanutten Resort, making this a desirable year-round destination.
With a stellar Airbnb rental history, proven guest demand, and consistent income performance, this turnkey property is an excellent opportunity for a short-term rental investment, vacation getaway, or private mountain retreat.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by Keller Williams Realty | $279,900 | |
| Listed by Keller Williams Realty | |||
| May 26, 2021 | No longer available | - | |
| No longer available | |||
| May 18, 2021 | Relisted | $39,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017